Can I retire at age 40 with 3,500,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $3,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$289,027$286,452$283,940$281,489$279,095$271,467
2 years$143,083$140,418$137,835$135,331$132,902$125,273
3 years$94,441$91,765$89,188$86,708$84,319$76,927
4 years$70,125$67,457$64,906$62,468$60,137$53,039
5 years$55,539$52,887$50,370$47,982$45,715$38,931
6 years$45,818$43,186$40,706$38,371$36,173$29,709
7 years$38,878$36,268$33,827$31,547$29,418$23,275
8 years$33,674$31,088$28,688$26,464$24,405$18,579
9 years$29,630$27,068$24,709$22,542$20,553$15,039
10 years$26,396$23,859$21,542$19,431$17,512$12,303
11 years$23,752$21,240$18,965$16,911$15,061$10,148
12 years$21,550$19,064$16,831$14,833$13,051$8,426
13 years$19,688$17,228$15,038$13,095$11,381$7,033
14 years$18,094$15,660$13,511$11,625$9,977$5,896
15 years$16,713$14,306$12,199$10,367$8,784$4,960
16 years$15,506$13,125$11,060$9,283$7,763$4,184
17 years$14,443$12,088$10,064$8,340$6,884$3,539
18 years$13,498$11,170$9,187$7,516$6,121$2,999
19 years$12,654$10,352$8,411$6,792$5,455$2,546
20 years$11,895$9,620$7,719$6,151$4,873$2,164
21 years$11,210$8,960$7,100$5,583$4,361$1,842
22 years$10,587$8,364$6,544$5,076$3,909$1,569
23 years$10,020$7,823$6,042$4,623$3,509$1,338
24 years$9,501$7,329$5,588$4,216$3,154$1,142
25 years$9,024$6,878$5,175$3,850$2,838$975
26 years$8,584$6,464$4,800$3,521$2,556$833
27 years$8,177$6,084$4,457$3,223$2,305$712
28 years$7,801$5,733$4,143$2,953$2,080$608
29 years$7,451$5,408$3,856$2,708$1,878$520
30 years$7,124$5,107$3,592$2,485$1,697$445
31 years$6,820$4,828$3,348$2,282$1,534$381
32 years$6,535$4,569$3,124$2,097$1,388$326
33 years$6,268$4,326$2,917$1,929$1,256$279
34 years$6,017$4,100$2,725$1,775$1,137$239
35 years$5,781$3,889$2,548$1,634$1,030$205
36 years$5,559$3,691$2,384$1,504$933$175
37 years$5,349$3,506$2,231$1,386$846$150
38 years$5,151$3,332$2,089$1,278$767$129
39 years$4,963$3,168$1,957$1,178$695$110
40 years$4,785$3,014$1,835$1,087$631$94
41 years$4,616$2,869$1,720$1,003$572$81
42 years$4,456$2,733$1,614$925$519$69
43 years$4,304$2,604$1,514$854$471$59
44 years$4,158$2,482$1,421$789$428$51
45 years$4,020$2,367$1,335$728$388$44
46 years$3,888$2,258$1,254$673$352$37
47 years$3,763$2,155$1,178$622$320$32
48 years$3,642$2,057$1,107$574$291$27
49 years$3,527$1,964$1,040$531$264$23
50 years$3,417$1,876$978$491$240$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $3,500,000, adding $2,354 every year, while hoping to spend $55,562 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 72/19/9 Blend
39$3,500,000$3,500,000$3,500,000$3,500,000
40$3,859,428$3,673,928$3,619,678$4,130,951
41$4,193,972$3,794,833$3,681,820$4,431,548
42$4,560,778$3,919,800$3,744,181$4,753,454
43$4,963,076$4,048,970$3,806,711$5,104,379
44$5,404,428$4,182,487$3,869,353$5,487,174
45$5,888,754$4,320,503$3,932,051$5,904,972
46$6,420,373$4,463,174$3,994,741$6,361,228
47$7,004,043$4,610,661$4,057,356$6,859,741
48$7,645,004$4,763,132$4,119,826$7,404,697
49$8,349,029$4,920,760$4,182,075$8,000,704
50$9,122,478$5,083,726$4,244,022$8,652,837
51$9,972,357$5,252,215$4,305,584$9,366,683
52$10,906,384$5,426,420$4,366,668$10,148,399
53$11,933,063$5,606,542$4,427,179$11,004,760
54$13,061,761$5,792,789$4,487,015$11,943,232
55$14,302,800$5,985,374$4,546,069$12,972,038
56$15,667,550$6,184,522$4,604,226$14,100,233
57$17,168,539$6,390,462$4,661,367$15,337,793
58$18,819,570$6,603,435$4,717,363$16,695,706
59$20,635,851$6,823,689$4,772,080$18,186,075
60$22,634,139$7,051,480$4,825,375$19,822,234
61$24,832,895$7,287,077$4,877,099$21,618,871
62$27,252,461$7,530,755$4,927,093$23,592,166
63$29,915,252$7,782,801$4,975,190$25,759,946
64$32,845,963$8,043,514$5,021,214$28,141,849
65$36,071,806$8,313,201$5,064,980$30,759,510
66$39,622,765$8,592,182$5,106,292$33,636,765
67$43,531,878$8,880,791$5,144,944$36,799,877
68$47,835,550$9,179,370$5,180,720$40,277,778
69$52,573,895$9,488,277$5,213,392$44,102,346
70$57,791,113$9,807,883$5,242,721$48,308,705
71$63,535,909$10,138,572$5,268,455$52,935,552
72$69,861,953$10,480,744$5,290,330$58,025,526
73$76,828,382$10,834,811$5,308,066$63,625,606
74$84,500,364$11,201,203$5,321,373$69,787,558
75$92,949,706$11,580,366$5,329,944$76,568,416
76$102,255,535$11,972,764$5,333,456$84,031,027
77$112,505,045$12,378,874$5,331,572$92,244,638
78$123,794,317$12,799,197$5,323,938$101,285,550
79$136,229,229$13,234,249$5,310,181$111,237,840
80$149,926,450$13,684,567$5,289,912$122,194,150
81$165,014,546$14,150,708$5,262,721$134,256,562
82$181,635,189$14,633,252$5,228,182$147,537,560
83$199,944,496$15,132,799$5,185,843$162,161,092
84$220,114,501$15,649,973$5,135,236$178,263,740
85$242,334,780$16,185,422$5,075,867$195,996,003
86$266,814,239$16,739,820$5,007,220$215,523,721
87$293,783,084$17,313,863$4,928,754$237,029,641
88$323,494,996$17,908,280$4,839,905$260,715,134
89$356,229,523$18,523,823$4,740,079$286,802,102
90$392,294,720$19,161,275$4,628,657$315,535,066
91$432,030,055$19,821,452$4,504,991$347,183,477
92$475,809,615$20,505,197$4,368,402$382,044,256
93$524,045,633$21,213,389$4,218,180$420,444,596
94$577,192,383$21,946,940$4,053,585$462,745,049
95$635,750,465$22,706,800$3,873,840$509,342,929
96$700,271,533$23,493,953$3,678,134$560,676,061
97$771,363,497$24,309,425$3,465,619$617,226,913
98$849,696,266$25,154,278$3,235,409$679,527,147
99$936,008,068$26,029,621$2,986,578$748,162,639
100$1,031,112,422$26,936,604$2,718,160$823,779,006